Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

SINA choice for downside yesterday doing well. However we have sent and are sending many intraday charts today (techs, biotechs, S&P futures, etc) because we have interesting set ups in a few of our newsletter plays. Once again we have a number of straddles for tomorrow (we are expecting that the FOMC will have no effect on our earnings plays whatsoever) Like BRCM we were cautioning our shorters of yesterday's BRCM pullback to prepare for an earnings run and called a call option position. There is time for the SOHU and SINA reports before we start to worry we might get caught in a maelstrom of upside! (We like to MILK THOSE HOLSTEINS in both directions) We prepare for any support area below for a possible COT (change of trend) and reversal. Without posting in advance, how will anyone know? WE don't do "I'm ina dis" or "I'm inna dat" that doesn't give our traders ample opportunity to set up their own entry, let alone the rationale behind our choices of long/short by offering just 'parrot mimicry'




YESTERDAY's intraday chart on BRCM and an email update to pick up the call options, but not before we got a good run down on the stock. We don't have a policy of holding earnings plays through downside, we take the profits and are not afraid to short the rally as long as there is at least a half day and especially if there are 2-3 full days in front of earnings.